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Standard Engineering Technology Limited (SETL) — Technical Setup
₹400.60 +1.20% Uptrend Normal Volatility Bullish
Summary
Standard Engineering Technology Limited is in a uptrend on the daily chart. RSI(14) is 57.3, MACD is above its signal line, ADX reads 25. Volume in the latest session was 0.5× its 20-day average. Over three months it has outperformed the Nifty 50 by 49.5 percentage points. Nearest support is ₹393.00 and resistance ₹437.75. Its technical score is 61/100 (bullish).
🧮 How the 61/100 is built
Five components, 20 points each. Every rule is shown with the points it earned — the score describes the chart as it stands today; it is not a prediction.
- Close above 20-day EMA (5.53)3/3
- 20-day EMA above 50-day EMA3/3
- 50-day EMA above 200-day EMA0/3
- Close above 200-day SMA0/3
- SuperTrend (10,3) pointing up3/3
- ADX ≥ 20 with +DI above −DI (trend has strength) (24.84)3/3
- Weekly trend up (above a rising 30-week average)2/2
- RSI(14) in the bullish zone (55-70 best) (57.34)6/6
- MACD line above its signal line4/4
- MACD line above zero (-0.94)0/3
- 12-day rate of change positive (8.26)3/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (49.49)2/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (0.03)3/5
- More volume on up days than down days (20 sessions) (0.83)0/5
- Close above 20-day VWAP (5.65)5/5
- Daily range (ATR%) contained — ≤2.5% scores full (4.93)2/6
- Price in the upper half of its Bollinger Bands (0.67)5/5
- Shallow drawdown from the 52-week high (-14.43)3/5
- Volatility contracting (20-day volatility below its 6-month median) (58.40)0/4
- Room to the next resistance (≥8% scores full) (9.27)5/5
- Support close below (a tight, definable stop) (1.90)5/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-14.43)2/5
🧭 Regime: Uptrend
Normal Volatility — Bollinger width is in the 62th percentile of the last six months.
Suits: Trend-following, selectively. The trend is up but not forceful — favour entries near support and keep stops below the 50-day EMA.
Classified from ADX, the 20/50-day EMA stack and price's distance from the 50-day average; volatility from band-width and ATR expansion.
Opens the AI Backtester with the 20/50 EMA Crossover rules for SETL — 20-day ema crosses above the 50-day ema.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | — | — | — |
| Weekly | ▲ Bullish | 62.93 | -3.33 |
| Daily | ▲ Bullish | 57.34 | 4.54 |
Weekly: close vs a rising 30-week average (Weinstein). Monthly: close vs the 10-month average. Weekly SuperTrend: Bullish, weekly ADX 58.41.
📶 Volume & VWAP
VWAPs are computed from daily bars (typical price × volume), not intraday ticks.
💪 Relative strength
SETL ÷ Nifty 50, rebased to 100 a year ago. Rising = outperforming.
🧱 Support & resistance
Clustered swing highs and lows from the last year; “touches” is how many swings formed the level.
| Level | Price | Distance | Touches |
|---|---|---|---|
| Resistance | ₹468.15 | +16.9% | 1 |
| Resistance | ₹437.75 | +9.3% | 1 |
| Close | ₹400.60 | — | |
| Support | ₹393.00 | −1.9% | 1 |
| Support | ₹301.65 | −24.7% | 4 |
| Support | ₹256.62 | −35.9% | 2 |
| Support | ₹130.80 | −67.3% | 11 |
52-week range: ₹104.56 – ₹468.15 (-14.43% from the high).
🌀 Fibonacci
Measuring the up-swing from ₹127.51 (2026-05-18) to ₹468.15 (2026-09-11). Price has retraced 19.8% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹387.76 | -3.2% | nearest |
| 38.2% retracement | ₹338.03 | -15.6% | |
| 50.0% retracement | ₹297.83 | -25.6% | |
| 61.8% retracement | ₹257.63 | -35.7% | S/R confluence |
| 78.6% retracement | ₹200.41 | -50.0% | |
| 127.2% extension | ₹560.80 | +40.0% | |
| 161.8% extension | ₹678.67 | +69.4% | |
| 200.0% extension | ₹808.79 | +101.9% |
🕯️ Candlesticks (last 5 sessions)
- Dark Cloud Cover 2026-10-30 bearish Moderate · 65
- Dragonfly Doji 2026-10-28 bullish Strong · 70
Quality combines the pattern's reliability with its context: prior trend, volume, a support/resistance level and RSI.
↗️ Divergences
No regular divergence on RSI, MACD, OBV, MFI or Stochastic at the latest swings.
✅ Screens SETL passes today
⚠️ Educational technical analysis computed automatically from end-of-day NSE prices — not investment advice. Flash Finance is not SEBI-registered. Indicators describe what price has done; they do not predict what it will do. Verify levels on a live chart and manage risk before acting.
